Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

The retail industry’s digital transformation has made secure APIs essential to modern operations since they are at the core of this shift. APIs power everything from e-commerce platforms and mobile shopping apps to inventory management, point-of-sale systems, and personalized customer experiences. They help retailers stay agile in a fast-paced market by enabling seamless data exchange and streamlining processes.

AI isn’t some far-off sci-fi concept anymore. It’s here, and it’s coming to a bank near you! Listen to the latest from Tigran Safari and Chris Clements on this month’s Banking Podcast from The Kafafian Group.

It is more important than ever to keep your info safe. Malware, ransomware, and cybercriminals who target cloud-based assets are always a danger to businesses because more and more sensitive data is being stored in the cloud. Cybersecurity Ventures recently released a report that says the costs of cybercrime will hit $10.5 trillion per year by 2025. Data breaches and cloud vulnerabilities will be the main causes of this.

Recently, a critical API vulnerability in FortiManager (CVE-2024-47575) was disclosed. Certain threat actors exploited it in the wild to steal sensitive information containing configurations, IP addresses, and credentials used by managed devices. In advanced notification emails, Fortinet warned its users of the vulnerability and mitigation steps. The vulnerability has a critical severity rating of 9.8 out of 10.

Compromised secrets, such as leaked API and SSH keys, credentials, and session tokens, are the leading cause of cloud security incidents. While attackers can directly compromise secrets through methods like phishing, they can also gain control by finding and taking advantage of simple misconfigurations in your environment.